How Much Should a Property Developer Spend on Marketing a Project?

    REAL ESTATE6 min readDane Studio

    A property developer should set the marketing budget by working backwards from the cost they can afford per sale, multiplied by the number of units to sell, then phase it so the heaviest spend lands at pre-launch and launch. Budgeting this way ties every shilling to deposits and keeps you from either starving the launch or wasting money on awareness you cannot measure.

    Start with what a sale can carry

    Most developers already know their margin per unit. From that, decide how much of each sale you are willing to spend on acquiring the buyer. The share varies by project, price point and how much of the sales effort sits with brokers. The point is to decide it deliberately, then hold your campaigns to it.

    Here is an example. The numbers are for illustration only.

    ItemExample
    Units to sell through marketing60
    Marketing cost you can carry per saleKES 250,000
    Total marketing budgetKES 15,000,000

    Split the budget between ads and everything else

    The ad spend is only part of the cost. A complete budget usually covers:

    • Media: Meta, Google, TikTok and portal listings.
    • Content: site and show unit footage, buyer testimonials, construction progress videos.
    • Conversion: landing pages, WhatsApp setup and an AI agent for instant follow-up.
    • Management: the team or agency running and optimising campaigns.

    Phase it across the project

    PhaseShare of effortFocus
    Pre-launchHighWaitlist, testing creative and price messages
    LaunchHighestConverting the waitlist, maximum reach
    ConstructionSteadyProgress updates, retargeting, referrals
    Final unitsTargetedSpecific unit types, completion and handover proof

    Measure spend against deposits, not clicks

    The budget only works if you can see which spend produced which sale. That means:

    • A CRM or lead sheet that records the source of every lead.
    • Tracking each lead through to site visit, deposit and sale.
    • Sending those outcomes back to Meta through the Conversions API so the algorithm learns from them.

    With that in place you can review the budget every two weeks and move money toward the channels and creatives with the lowest cost per deposit.

    When to spend more

    If your cost per deposit is comfortably below what a sale can carry, the budget is too small, not too big. Scale until cost per deposit approaches your limit. Maisha Development went from sales down 30% to turnover up 20%, the kind of result that justifies scaling. See our work, or ) and we will build a budget model for your project.

    Frequently Asked Questions

    What percentage of revenue should a developer spend on marketing?

    It depends on the margin per unit, the price point and how much of the selling is done by brokers. Decide the amount you can afford to spend per sale, multiply it by the units you need marketing to sell, and hold campaigns to that cost per sale.

    When should a developer spend most of the marketing budget?

    The heaviest spend usually lands at pre-launch and launch, when you are building a waitlist and converting it. Spend continues at a steadier level through construction with progress updates and retargeting.

    How do I know if my real estate marketing budget is working?

    Track every lead from source to deposit and calculate cost per deposit. If it is below what a sale can carry, the budget is working and can usually be scaled.

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